WIFO-Konjunkturtest

The WIFO-Konjunkturtest (business cycle survey) is a monthly survey of Austrian companies on their economic situation and its development in the coming months. The results of the WIFO-Konjunkturtest help to reliably assess the economic development in Austria at an early stage. The WIFO-Konjunkturtest has been conducted since 1954 and has been part of the "Joint Harmonised EU Programme of Business and Consumer Surveys" since 1996.

Further information on the WIFO-Konjunkturtest can be found here.

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Werner Hölzl, Jürgen Bierbaumer, Michael Klien, Agnes Kügler
Konjunkturerwartungen schwächen sich ab. Ergebnisse des WIFO-Konjunkturtests vom Mai 2022 (Economic Expectations Slow Down. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of May 2022)
WIFO Business Cycle Survey, 2022, (5), 14 pages
Commissioned by: European Commission
Online since: 30.05.2022 14:00
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Die Unsicherheit infolge des Ukraine-Krieges führte im Mai zu einer Verschlechterung der konjunkturellen Stimmung bei den österreichischen Unternehmen. Der WIFO-Konjunkturklimaindex notierte mit 19,3 Punkten (saisonbereinigt) 5,2 Punkte unter dem Wert des Vormonats (24,5 Punkte). Die Einschätzungen zur aktuellen Konjunkturlage verschlechterten sich nur geringfügig. Die hohe Unsicherheit infolge des Ukraine-Krieges und die Preisanstiege führten dazu, dass die Unternehmen weniger optimistisch in die Zukunft blicken. Die Unternehmen rechnen auch weiterhin mehrheitlich damit, Preiserhöhungen in den kommenden Monaten vornehmen zu müssen.
Research group:Macroeconomics and Public Finance – Industrial, Innovation and International Economics – Regional Economics and Spatial Analysis
Language:German
Economic Expectations Slow Down. Results of the WIFO-Konjunkturtest (Business Cycle Survey) of May 2022
Uncertainty resulting from the Ukraine war led to a deterioration in economic sentiment among Austrian companies in May. The WIFO Business Climate Index stood at 19.3 points (seasonally adjusted), 5.2 points below the value of the previous month (24.5 points). Assessments of the current economic situation deteriorated only slightly. The high level of uncertainty in the wake of the Ukraine war and the price increases made companies less optimistic about the future. The majority of companies still expect to have to raise prices in the coming months.
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